AML platform overhaul: preparing for regulator scrutiny

Context

State bank UZ. cbu.uz inspection found AML gaps — sanctions screening intermittent, SAR submission delayed, case management chaotic. Ultimatum: 12-month remediation plan.

Diagnostic (4 weeks)

• Transaction monitoring rule-based legacy, false positive rate 95%.
• Sanctions screening — manual list updates, batch (24-hour delay).
• KYC refresh sporadic.
• SAR submission — paper-based, delayed.
• Audit trail incomplete.

Approach (12 months)

Months 1-3. Architecture + vendor selection. Modern AML platform vendor with local compliance.

Months 3-6. Transaction monitoring upgrade. Real-time screening, ML-augmented anomaly detection. False positive tuning.

Months 6-8. Real-time sanctions. Continuous list updates, immediate screening.

Months 8-10. Case management workflow. Investigation → decision → SAR → audit.

Months 10-12. KYC refresh automation, ongoing PEP / adverse media.

Results

After 12 months:

• False positive rate 95% → 22%.
• SAR submission time: 18 days → 3 days.
• Sanctions screening: real-time, 0 missed list updates.
• Audit trail complete for every case.
• cbu.uz follow-up inspection: passed without findings.
• Compliance team capacity freed for high-value investigations.

What is critical

CRO + CCO joint sponsorship.

Vendor with local regulatory expertise — not generic global.

Workflow design with compliance team input — they live with it.

Related

• /en/solutions/banking-aml-compliance-platform/ — AML platform
• /en/insights/banking-aml-regulatory-uz/ — AML regulatory
• /en/expertise/banking-compliance-discipline/ — compliance
• /en/architecture/banking-realtime-decisioning/ — decisioning